Appreciation is an increase in the value of a country's currency with respect to another currency. For example, if the exchange rate starts at 100 Kenyan Shilling/One USD and it rises to 105 Kenyan Shilling/One USD. Is that an appreciation rate of USD relative to the Kenyan Shilling by 0.5% 2\% 5% 1% The dollar is said to be selling at a if the spot Euro price is 0.7805 and the six-month forward rate is 0.9433. forward spread forward discount spot discount forward premium The difference between the exchange value of a money and its cost of production is defined as net exchange profit. the face value. seigniorage. net value. Appreciation is an increase in the value of a country's currency with respect to another currency. For example, if the exchange rate starts at 100 Kenyan Shilling/One USD and it rises to 105 Kenyan Shilling/One USD. Is that an appreciation rate of USD relative to the Kenyan Shilling by 0.5% 2\% 5% 1% The dollar is said to be selling at a if the spot Euro price is 0.7805 and the six-month forward rate is 0.9433. forward spread forward discount spot discount forward premium The difference between the exchange value of a money and its cost of production is defined as net exchange profit. the face value. seigniorage. net value